About Us

Who we are FSTC

WHO WE ARE

 

The Financial Sector Transformation Council is a non-profit company constituted in terms of the Financial Sector Code, gazetted under section9(1) of the Broad-Based Black Empowerment Act 64 of 2013.

It is mandated through its constituencies which are the Trade Associations, Government, Nedlac Organised Labour (Labour), Nedlac Organised Community (Community) and the Association of Black Securities and Investment Professionals (ABSIP), to enforce the Financial Sector Transformation Code.

Our Mission

To influence relevant legislation and oversee the implementation of the FS Code as gazetted under section 9(1) of the B-BBEE Act 53, 2003, in order to have a transformed society.

Our Vision

To be the most powerful driving force behind a transformed, transparent and accessible financial services sector in South Africa.

OUR OBJECTIVES

 

  • Engage with policy makers to ensure that legislation enables transformation
  • Engage with financial institutions to promote understanding of the FS Code and to provide support for compliance
  • Regularly review implementation guidelines to ensure relevancy and ease of implementation
  • Publish an annual performance report which is reflective of the status of the sector’s transformation
  • Research to understand challenges and identify opportunities to expedite transformation
  • Engage with other relevant stakeholders to promote understanding of the FS Code and its benefits

OUR VALUES

 

  • Unity – We acknowledge that we are stronger together. We strive for a shared vision, a common purpose and a supportive and collaborative working environment.
  • Empathy – We have genuine concern for our society and we encourage and support development and empowerment.
  • Vigilance – We keep a watchful eye for changes that impact our stakeholders and working with experts, we strive to adapt.
  • Respect and Integrity – We always honour the dignity of others and we will treat others the way we want to be treated. We will always do what is right and build trust and confidence by being honest at all times